RBI Capital Controls Will Not Have Immediate Impact: DBS Bank

Aug 16 2013

August 16: RBI has announced a strict set of norms to curb capital outflows, which is reminiscent of the 1990s. Bloomberg TV India asks Radhika Rao, Group Research at DBS Bank, whether the latest steps will arrest capital outflows, when the measures will be rolled back and its impact on corporates. “It’s clear the authorities are all hands on deck to stabilise the financial situation but there will be a miniscule impact,” she adds.